Nowadays, many people seemed to have forgotten the importance (and the inherent dangers) of their computer’s browser. They forgot that the browser, per se, works like a two-way street. It is where cyber security should police the two-way cyber traffic.

A web browser’s main job is to find and display web pages. From there, it makes possible the “communication” between your computer and the web server where a site is located.

Cyber security risks
But, your browser is also – and this is the dangerous part – the gateway of the cyber world into your computer. And, not all of the things from the Internet going inside your computer are good. Some are downright risky.

Today’s browser is sophisticated enough, through the years of innovation, to handle the multiple applications needed to surf the Internet. Many of these try to boost up and heighten the surfing experience by enabling your browser’s functionalities.

But sometimes, these functionalities are not needed and they can leave your computer vulnerable. It is therefore safe to disable them until they are needed.

In a perfect world, one should set one’s browser security to the highest level possible. But these settings may restrict the functionality of other features and prevents some web pages to load properly. The best compromise solution would be to set your browser to the highest security level (to prevent attacks) but at the same time enabling some features to work when you need them.

Today’s many browsers are mostly graphical browsers (Internet Explorer, Firefox, AOL, Opera, Safari for the Macintosh, and Lynx for the visually-impaired users.) These are capable of playing video and audio clips, aside from displaying texts and graphics. Most have user-friendly tabs and options in choosing your preferred security level setting.

It is important to know and be familiar with your browser and how it is different from the others. It will come in handy when you evaluate and determine the features and setting most appropriate for your use.

For instance, to explore the basic security options in Windows’ Internet Explorer, you click Tools on the menu bar, select Internet Options, choose the Security tab, and click the Custom level. In Firefox, you click Tools first, select Options, and then click Content Privacy and Security tabs. The others have their own path systems.

Choosing your browser
Security should be paramount in choosing your browser. But, of course, given one’s particular needs in surfing and using the Internet, other considerations are just as important. Sometimes, a browser comes packaged with the operating system. It should not limit, however, your choice.

Compatibility – does your browser work with the OS (operating system) of your computer?

Ease – are you comfortable and familiar with the options, menus, system of your browser?

Function –will it still work if other plug-ins or other devices are installed?

Appeal – do you like how your browser looks and works?

Functionalities - Your browser should be able to give you the option of putting web sites into different segments, or zones, and define different security restrictions for each. The best protection should be to set the security to the highest level, or maintain it at a medium level.

If you know of some sites which can be classified as trusted, you can set your browser setting accordingly. You may require them to implement SSL or Secure Sockets Layer so you can verify if they are what they claim to be. Note, however, that it is good to avoid lowering your security levels with them. If they are attacked, you might be included.

You may restrict particular sites you are not sure of. Prevention is always the best cure for any disease, real-life or online.

Be careful about your Java and ActiveX controls. These scripts, used to achieve certain appearances or functionality, can be used in attacking your computer. This is also true about Plug-ins, those additional software that enhances the function of some programs. Make sure that the sites that installing them are trustworthy.

For safety, it is advisable to disable Cookies and enable them only if the site you trust requires them.

Cyber Security starts first in your browser. It is best that you start the safeguarding process from there, your computer’s door to the wide, wild world of cyber space.

Get the latest Firefox here
Get the Firefox NoScript Addon here
For added protection browse in Sandboxed environment. Get Sandboxie here

Cyber security is among the toughest issues to resolve. It has proven to be difficult since it is constantly evolving and most of our daily activities can be hit by it. How much do we rely on computers nowadays? A lot. Whether it is transportation, entertainment, communication, finance, and even daily needs. Everything seems to be computerized. What do you think would happen if these systems would crash? Catastrophe would ensue.

There are simple things that we could do to ensure the safety of our systems and computers. For your accounts and computer:

• Make sure that the passwords you are using cannot be immediately guessed. Another common mistake made is that they would be jotting their passwords. Surveys said that about 1 out of 3 workers would write their passwords. Inside attack is one of cyber security attacks, this could mean that a disgruntled employee could use other people’s passwords to access the system.

There are companies, especially outsourcing companies, that strongly prohibit any kind of written password, like mentioned in the example.

• Aside from the password, there are also operating systems and applications that could protect your account and computer. Firewall for starters, should be installed and used. A firewall is a program that blocks unauthorized Internet traffic, just like how a physical firewall works. Setting up and configuring a firewall, will actually help you maximize its full potential.

Anti-virus software can be your best shot to make sure that your computer is protected, you just have to make sure that it is regularly updated. Anti-virus software would come with spyware detecting programs. There are new computers, nowadays, that are offering or already have an installed anti-virus software.

• If you have sensitive documents in your account and computer, it would be better if you would be encrypting the data. When deleting sensitive documents, then you make sure that it has been totally removed from the system. Hackers are capable of restoring or retrieving any deleted documents especially if it is not totally removed from the documents.

Electronic mails are also vulnerable to cyber security attacks. Different styles and types of e-mail scams are being developed everyday, so everybody has to be prepared and alert whenever we receive emails. Here are some signs that these e-mails are possible sources of cyber security attacks.

• The email is not addressed to you personally and aside from that the sender of the email is somebody you are not even familiar with. Most of phishing e-mails would have an attachments along with the email. These attachments do not even have a clear title or clear purpose.

• As your read the email, you will notice a lot of spelling and grammatical errors which indicates how unprofessional it is.

• Emails that ask you to provide financial information like credit card number, social security number, password and asking you to send some money, is totally a scam. Banks and other institutions do not ask you these kinds of information over an email.

When you received this kind of email, do not click on any links or attachments. These links and attachments would bring you to sites that have high risks of viruses and spyware. For example, experts would say that attachments ending in ".vbs," ".scr," ".exe," or ".pif" can have viruses. It is best to immediately delete the email, do not even open or respond to the email.

Another assurance that even if your computer and cyber security has been attacked is by regularly saving your data and making a back-up disk. So, if ever your computer crashes because or loses some information because of viruses, you would be prepared for it since you have a back-up.

Many people are put off with the term cyber security. They think it involves highly technological processes and elaborate computer knowledge. Not at all. Cyber security is foremost about identifying threats and taking measures as simple as creating an indecipherable password. There is nothing too technical about that. In fact, cyber security measures are all too simple to follow. Check out the following cyber security tips.

1.) Use strong passwords. Avoid using names, birthdays, addresses, and other personal information as password. Do not use a word found in the dictionary as well, since hackers have found a way to decipher dictionary-generated passwords using certain tools. In general, a good password is at least eight-characters long and should be hard to crack. You can combine upper- and lower-case letters, numbers, and symbols. One good practice is to form a password from a phrase. For example, you can create t1$!C4gtMpSd from “This is so I can’t forget my password.” You can use other methods with which you can form unique and cryptic passwords.

2.) Change your password periodically. This is important especially if, at some point, you have to disclose your password. Remember not to write it down, or if you should, discard the paper immediately. You never know the danger negligence can impose on your security. I would suggest you guys to use Keepass to manage your passwords. Keepass also can generate strong, random password for extra security.

3.) Be scrupulous with emails. Unsolicited emails are sometimes the onset of cyber attacks. Remember not to open attached files from unknown senders, as they may contain malware that can open backdoors for hackers. Clicking on the links can also direct you to some compromising websites, so be cautious. If a link looks suspicious, look it up on the web and do a quick research. Avoid giving information to unknown senders as well. The rule of thumb is to ignore seemingly malicious mails. Do not reply to and forward them.

4.) Install security programs on your computer and keep them updated. It is very important to have anti-virus and anti-spyware software and to keep your firewall on. Poorly secured systems are open doors for attackers and intruders, but these software programs keep viruses and spyware from penetrating and crippling your system. The firewall, on the other hand, guards your system from unauthorized access to your computer. Some operating systems allow automatic security updates. Check if yours have this option. I personally use 4 tier protection that consist of COMODO Internet Security + SMADAV + Threatfire + Sandboxie on my PC.
COMODO Internet Securityis a free powerful firewall and antivirus program and SMADAV is another layer of free antivirus which is developed to counter viruses in the Asian region. Combination of Sandboxie a proggie that provide sandboxed web browsing environment and Threatfire the trusted antispyware application, I feel a lot more secure when venturing in world wide web.

5.) Avoid opening files sent through Instant Messenger. These files do not undergo scanning and might carry security threats to your computer. Do not simply add unknown contact or allow stranger to add you to their messenger list.

6.) Ignore the links on pop-up windows. Block pop-up ads and windows to close an entryway for malware and other forms of attack. The safest way to close the pop up is ot by clicking it, instead, use shorcut key ( Alt + F4 ) to close the pop up windows.

7.) Avoid downloading files, programs, applications, or tools from unknown websites. More often than not, these free downloadable stuffs are loaded with threats. Before you download, make sure the website is a credible source. Scanning downloaded files before running the executable files or running them in a sandboxed environment is the best and wisest choice.

8.) Make sure to keep your system clean. Remove any tool, application, or program that is not used. Check also unused default programs installed on your operating system. It’s better to have few programs than have many but unused ones, which can only slow down your computer and be an opening for malicious attacks.

A poorly secured computer runs the risk of being hijacked and left as a zombie machine. Secretly, the hacker uses this computer to gain access to personal and confidential accounts and information. Next thing you know, your credit card has been used for unauthorized purchases, your savings account has been ransacked, your competitor has spied on your company, and the list can go on and on.

But some simple and easy-to-follow cyber security tips can eliminate the possibility of falling prey to any of these cyber crimes.

Fap Turbo Is The Only Automated Forex Income Solution That Doubles Real
Monetary Deposits In Under 30 Days. No Backtest Tricks.

As the name suggests, FOREX Autopilot Turbo is a software application that does FOREX trading in an automated manner. The program has automated trading bots in a software format, which you install on your computer. You have to do nothing more than this installation but to keep your PC on. You will find that these trading bots will handle all the FOREX transactions for you all through the night and in the morning, you see that you have a swollen account!

Naturally, there is much criticism whether such a thing really works but FOREX Autopilot Turbo is genuine software released by FOREX expert who has innate Internet marketing knowledge.

Benefits of FOREX Autopilot Turbo

The best thing about FOREX Autopilot Turbo is that the user does not have to do anything but to install the automatic trading bots and keep the system on. The bots will automatically handle all the transactions and make a neat profit for the user.
You will need to open a FOREX trading account with the broker. However, that is a very simple thing to do. FOREX Autopilot Turbo will use this trading account to make all its transactions.The people who participate in the surveys almost always get to keep the product that they survey.

This is probably the best Internet business in the work-at-home genre. The amount of money that can be done by such automated FOREX trading can be immense.
Even a nontechnical person or even a person who does not have much knowledge about FOREX itself can use this system and make a good income out of it.

What's Unique about FOREX Autopilot Turbo ?
As a work-at-home business opportunity, FOREX Autopilot Turbo is completely different because it does not involve any kind of cold calling, building MLM networks, selling items, filling out forms, emails and surveys, etc. You can also say that FOREX Autopilot Turbo does not require any degree of work at all. This is what makes it unique. The whole system is an automated system.

Also, the amount of money that can be made here is immense. FOREX Autopilot Turbo has helped 8 people earn over a million dollars in the last year and a half. Even other FOREX automation applications have not been able to receive that degree of success.

FOREX Autopilot Turbo has been designed with the collaboration of a FOREX insider and a mathematician. This is what gives it the edge. The program is designed so as to place the odds in the favor of the trader. That explains the heavy income possibility.

Salam to All,

Start (your account) small or big? Hmmm.. I get this question a lot from my friends who are interested in forex and can't wait to get it on.

Well, it truly depends on your preference and affordability. But the best of all, nowadays we have plenty of brokers who are willing to accept just a small amount of money to allow you to open a trading account with them. Unlike years ago, where you need to fork up USD100K to open a full size account, online broker nowadays allows traders to open up mini accounts and start trading for as little as USD5.

Personally, I have opened and account with Marketiva , free registration and was given USD5 in the account for me to get started.

I have also opened an account with NorthFinance, a broker that allow the use of Metatrader4 as trading platform with USD300 as a starting account which I think is appropriate for a beginner like myself at that time.

Another broker that I think worth to mention is FXOpen also a Metatrader4 based platform broker that allows you to have initial deposit for as low as USD1 for Micro account and USD25 for Standard account.

Or the best thing yet, if you like to have a feel of what forex is all about, just register for a demo account with any of the broker above (no commitments what so ever) and have your account deposited with as much as USD100K (virtual money only ok, what do you expect?? haha) and you can start doubling (or blowing) your demo forex trading account in no time.

Regardless of that my advice to you all is, what ever or how ever big (or small) your trading account is, never ever risk more than you can lose, set your leverage and margin right and trade sanely with clear and defined strategies.

While small sized account enables you to start trading at no time, larger size accounts say USD1K (with a proper leverage and margin set) enables your trade to have more room to breath, you can have larger (not too tight) stop loss and etc. allowing you to trade with less pressure than trading with smaller account and small margin.

With so much options that you have, just make you choice, and be wise with it.

Salam,

Today's post is a bit out of norm as I would like to review, as well as share some of the pointers I acquired from reading a book by Mark Tier entitled "The Winning Investment Habits of Warren Buffett & George Soros". This book by Mark Tier listed and elaborated the 23 common traits and habits of the 2 most successful traders and investors the world have known today; Warren Buffet and George Soros and how their seemingly different career world ( Warren Buffet trade stocks while George Soros trade currencies) and trading approach does actually share a lot of common grounds.



The reason's for the review was, for the past few days, I saw the important points elaborated in the book being discussed in various websites as well as newspapers here in Malaysia. Syazwan from Saifulsham.com for example posted an entry entitled "Exit Strategy" which happens to be one of the 23 Winning Investment Habits of Warren Buffett & George Soros. You can also view my comments on the post here.

Reading the book I have identified some of my weaknesses ( I expect to learn more of them as I'm still halfway reading this book) when it comes to trading forex.

Among other, quotes and pointers such as "Invest, don't speculate" allow me to realize that all these while I'm trying to predict (speculate) the market when I should be reacting to signals the market have given. This kind of approach (predicting and speculating) is dangerous as no one could ever know exactly what will happen in the market the next moment.

Then there's this quote from Warren Buffet " Stay within the circle of competence" is an enlightenment to me, to never jump into investment (or trades) that is outside my circle of competence. I'll give you an example, previously I would open up 5 to 7 charts of currency pairs and try to trade them although I am not really familiar with their behavior. Of course my trades would end up in losing position as I have never really understand what drives them (whether up direction or down direction) in the market. The same advice would also applies to other types investments or businesses that one would like to try. If you are an internet marketeer for example and you are already successful at it, it is best for you to focus in the current business and not jumping into forex or stock trading and hoping to be successful at them also, UNLESS you had done your due diligence and acquire as much as knowledge and experience to competently handle the new business you're venturing into.

And the last pointer (but not least) that I would like to share is "to know your exit strategy". I recalled watching the movie "Ronin" when the main character Sam (played by Robert De Niro) said something like this ""I never walk into a place I don't know how to walk out of". Well how true it is. According to Mark Tier in his book, both Warren Buffet and George Soros would carefully plan their exits (in investments) in detail even before they place the investment itself. And how is this "know your exit strategy" stuff applied in our real world investment? One might ask.

Well, it is quite simple. Before putting your hard earned money into any investments ask yourself these 2 questions:

i) What should I do when the investment reaches my investment goals.
-( in other words when should I secure and take the profit?)
ii) What should I do when the investment doesn't go as planned ?
-( when should I bail out from the investment? how much loss I am willing to risk / take?)

I guess that really sums up my post for today. If you need to learn more on habits that made Warren Buffet and George Soros successful in their investments, then I'd suggest that you grab a copy of Mark Tier's book "The Winning Investment Habits of Warren Buffett & George Soros" from your nearest book store, priced at RM39.90, it is a good read for all investors wannabe.

Salamz to all...

Huhuhu.. you see.... few days (if not weeks back) I have posted my so-called Myswissbank Setup for forex trading...then today I stumbled upon the custom dummies book cover generator.
And so I thought.. I have a proper documented method (yeah rite... 2 pages and then call it proper documented hahaha). So why not I create a dummies cover for it... why not?

Err.. there's 2 version of it... so SMS vote for your favorite version now... kidding!

Not much to talk about:
Download the MyswissbankX MT4 indicators and chart setup here

Huhuhuhu... hey ... to my friends who have downloaded the indies before.. do forgive me if the setup is not working .. well I do not ( expect it to be working eihter hahaha afterall it is my experiments with the indies...)

Well, fret not.. here I come with another set of ( working?? not working ?? you'll just have to find out) indies...

Anyway.. this is just my canvas of concepts.. and I'm not gonna throw any pointers ... or trading rules with it...

Just a screen capture of what my trading screen...

Hmmm....


Err... fyi.. my previous setup does not work so well... mainly because ... I don't know / I misinterpret the signals... / crossess... huhuhu... and it cost me...

Well mistakes learned ... thank god I get another fresh ideas by studying samples of other (people) success setups.. ( not by me of course ) huhuhu...


Are u enjoys??

:P

p/s: got paid today from profit swinger !! 150% in 10 days

https://www.profitswinger.com/?ref=17504

Salamunalaikum and greetings to all,

All right guys, the topic for the day is "Mirror Factor/Correlation Coefficient - Dominant Currency".

A pretty scary and complicated topic one might think but I'll try to make it easy for all to understand.

Okay let me read the topic again hehe..

"Mirror Factor/Correlation Coefficient - Dominant Currency".






Mirror Factor/Correlation Coefficient – What's this? Certain currency pairs have an intimate relationship with the price change of their “cross pairs”. Surprise, they are not all obvious! However once you know which one is the leader and which one is the lagger you just found an arbitrage opportunity!

Source : ActionForex

Take for example these two currency pairs in the above graph/picture:

EUR/USD
USD/JPY

Note that USD is present in both pairs but in opposite side. We all knows that if USD if strong (highly priced) this will effect both currency pairs in different ways.. eg.. E/U will down , U/J will rise (up). This mirror effect also wil enable us to evaluate how strong is USD strength. We simply cannot conclude that just because E/U pair is rising it is because USD strength is overwhelming; it might simply caused by the weak euro currency. Thus, we can evaluate the strength by looking at the condition of U/J pair, if E/U is down and U/J is rising at the same rate or spread, it is a good indication that USD is in fact exceptionally strong.

Ok, I know the above explanation is quite confusing so let put this way:

First; say that initially (Nov05) EU = 1.1877 and UJ = 117.32;

note you can see the normal divergence / mirror effect relation between both pairs.

and that later in Dec05 EU = 1.2106 (up from previous data ) and UJ = 116.55 (down);
from here we can see that USD (currency that present in both EU and UJ pairs) does not have much control (weak against) Euro but still influences Yen.

let say much later result saw; EU = 1.2095 and UJ = 117.78 ; note that the (divergence) difference between EU and UJ were smaller. From this we can safely say that USD is (in the process) trying to become dominant again over EU.

Got it? Let us test our understanding on the subject by trying to figure out the dominancy of USD over EU and UJ pairs:

(answers at the bottom of this post)

Given the below data:

Early MAR06 : EU= 1.1921 UJ=119.21
====================================

Later:

Mid MAR06 : EU= 1.2050 UJ=119.00 USD Dominancy ??
Early APR06 : EU= 1.2071 UJ=118.71 USD Dominancy ??

Overall Summary : ??
Trading Decision: ??







Answers:

Early MAR06 : EU= 1.1921 UJ=119.21
====================================
Mid MAR06 : EU= 1.2050 UJ=119.00 USD Dominancy ?? *not dominant against Euro
Early APR06 : EU= 1.2071 UJ=118.71 USD Dominancy ?? *weak dominant against Yen

Overall Summary : ?? *USD have weak dominancy against YEN, not dominant on Euro.
Trading Decision: ?? *Short for UJ / Long For EU


All right I think that is about it; credits to mnm71 and parasitamus for the above lesson.
Thanks guys.

Salamunalaikum and greetings to all,

In the last post I have discussed about charting style and hope that you have gained something from it.

If you really benefit from it, then I guess it is time for me to share some indicators that I have found all around internet (websites,forums, discussion groups etc.)













Picture: Indies in action

Just for reminders, the indicators that I have provided here are meant to be for Metatrader 4 charting tool only.

There are tons of indicators listed there; so be wise , it might take you a while to familiarise yourself with an indicator and during this (time of) experiment (trial and error) and error period; trade only with your virtual money....

The links to the indicators are as follows:

MT4 indicator from Farsforex.com
MT4 indicator from Lightpatch.com
MT4 indicator from Xeatrade.com
MT4 indicator from f0rex.free.fr


Oh yeah.. most of these indicators did not come with detailed explanation.. so you might want to google around to find the description or how to use the indicators.

You might find these links useful for that purpose:

http://www.mql4.com
http://www.forex-tsd.com/metatrader-4/ ( Great resources - Forum membership required)

Ok, one more thing, make sure the file you downloaded is in ".mq4" extension type. These are metatrader 4 indicator files and you will need to copy/save these file at this specified location (assuming you use the default installation path for Metatrader4):

C:\Program Files\MetaTrader 4\experts\indicators
Welcome to the indie scene.

Happy experimenting...

Salamunalaikum and greetings,


Marketiva.

Guys and gals (wink2) and fellow traders,

Related to my previous post; these are the Google Result for Google Answers on Forex subject.

You might find some of them useful to add to your long list of forex resources...


Below is the actual google answer results for query : "forex"

• Google answer : Query keyword: Forex

And these are the selected results that might want to add to your bookmarks:

• Subject: forex charting providers
• Subject: Comprehensive list of forex news and forums

Ok.. don't meant this to be a long post...so have phun.. trading...

Salamunalaikum and greetings fellow traders...

This should be a quickie session since I haven't got much time to write..

Okay, have you wanted to look for something on the net? say.. forex e-books, holy grails systems, or this awesome indicator you read on one forums.. but don't know where get them (downloaded)??

Well fret not cause we have Google to the rescue...( yeah I'm sure you already know that). But did you know that with some adjustments and tweaking of keywords that you enter in the search field might cause a lot difference and get you to the files with ease?

Yup... it does. For instance if you were looking for forex resources.. try this:
Just type:
"forex site:answers.google.com" without the bracket into the search field and run the search.

You will get results of the search and guess what? It is no ordinary results as it pulls out search request from peoples and that the result (answer to the request) is provided by dedicated google researcher who were paid to answer those search request. Ahhh.. in other words, you get for free what other have paid to get it.

Hmm.. if that is not enough, you can try this keywords to find relevant files that were uploaded and shared somewhere out there in the web.

Most popular services out there for uploading and sharing files currently are provided by Megaupload and Rapidshare.

I bet there are millions of files out there waiting to be discovered. Just run the search by entering these search keyword in google search engine.

Keywords for searching....

video files on MegaUpload...

google: avi|mpg|mpeg|wmv|rmvb site:megaupload.com

music files on MegaUpload...

google: mp3|ogg|wma site:megaupload.com

compressed archives and programs available on MegaUpload...

google: zip|rar|exe site:megaupload.com

Acrobat's pdf ebooks

google: pdf site:megaupload.com

Rapidshare

video files on rapidshare...

google: +inurl:avi|mpg|wmv site:rapidshare.de

compressed archives and programs...

google: +inurl:exe|rar|zip site:rapidshare.de

music files available...

google: +inurl:wma|mp3|ogg site:rapidshare.de

This should show all files available...

google: .* site:rapidshare.de


*Quicknote:

For example, if you want to search forex ebooks in pdf formats (available for you to freely download)...

google: +inurl:pdf|zip|rar site:rapidshare.de forex

And the most important thing is; be creative, know what you want and substitute the keywords with the one that is appropriate and relevant with your search. You will find what you seek..

Happy digging..the web

Salamunalaikum and greetings guys...

Yesterday I had a chat with a friend of mine, a fellow trader with much more experience than I am. Initially, I intended to get some info about an indicator and would like to ask his opinion about that indicator. Well instead of getting straight answers for the question, he answered me with another series questions.That series of question, led to an interesting discussion and revelation about charting style. The discussion was really an eye opener and enlightenment to myself and thus I would like to share it with others.

The questions ( or answers to my questions as I regard it ) were as follows:

1. What kind of indicator that you use for Support & Resistance?
- e.g - Pivot lines / Fibonacci / Andrew Pitchfork / Bollinger Band etc.

2. What kind of indicator that you use for determining trend / wave
- e.g - ZigZag / Elliot Wave / Moving Averages ( or other trending lines )

2. What kind of indicator that you use for determining entry/exit points?
- e.g - RSI / Stochastic / Signal Systems /

Based on the answers you provided for the above question, check your chart for any conflicting indicators (from the same group).

For example, Andrew Pitchfork and Bollinger Band (from Support & Resistance ) are both serving the same purpose but will provide you with different levels of support/resistance lines and this is not very healthy for trading as you will be easily confused (or rather doubtful) to choose which support/resistance level to follow.

The same goes for the other 2 groups (trend/wave and entry/exit points) . There should be no redundant / overlapping indicators that serves the same purpose; but provide signals that difference from each others ( it is generally good to have indicators that support each other but if you have indicators that conflict each other or don't seem agree to each other, then his advice is pick the one that you are most comfortable with and discard the other).

Hmm.. and when asked what kind of indicator that he used.. he replied that there is no point of copying what other traders have on their chart.. each traders have their own preferences and one should develop their own preferences.. by doing this, you will find a suitable trading style ( scalper , intraday , swinger etc ) and discover a set of indicators that truly suits your style.

p/s: to that friend of mine.. thanks for the enlightenment.. you know who you are :P

*updates :

There's an ariticle by Joe Ross on indicators posted at Akuma's Blogspot that more or less discusses the same thing. Click here to warp to the article...bzzzz.

Salamunalaikum and greetings to all....

Huh?? What's with the title ?? (somebody might ask)... are all forex traders a psychopath??
Well that would make a great story but.. believe me that is not a fact.. :P
Psychology (mental) as we all know plays a vital part in life.

Be it at home, at work or even in sports how people deal with their emotions will affect their relationship with others, attitude and even performance... hmmm ( I personally think that one of the important part that is missing in our sports development programme is psychology.. we need a professional help for our sportsmen (and women) to deal with their emotion and to have a superb mental condition for competition)..

But hey.. I'm not here to elaborate on that but only to discuss the effects and influence of one psychological condition that can affect his/her trading decision and performance..

Among other things, traders must learn how to be calm when making decision, open to suggestions (news , forecast and stuff) but critical enough not to accept it blindly, have good self confidence ( good enough to believe in his/her own trading decision and analysis ), to have a lot of patience (not patients.. that'll make you a doctor.. duh).... and yess discipline (disciplined enough to stick to your trading plan, money management, stop losses blah blah blah...)

All right, as usual, at the end of my rambling session, I'll provide you with links to infos and readings related to the topic of discussion and here they are:

• Emotion Free Trading - by Larry Levin
• 10 % of Traders Go Bankrupt - Mark McRae
• Mental Fitness for Traders - by Norman Hallet

Also, you might find books like Bird Watching in Lions Country by Dirk DuToit a.k.a DrForex and Market Wizards by Jack D. Schwager as interesting sources to add to your knowledge in the forex trading.


Happy reading, learning and trading..

Salamunalaikum and greetings guys...


Still related to technical analysis, today I would like to introduce to you all, a technique or tool called Andrew Pitchfork...

The idea behind this Andrew Pitchfork technique is to identify market action within a reasonable time period ( high point / low point ) and draw a median line between the two (high and low) points.

One golden rule of Andrew Pitchfork is the market will (always or normally / ideally) contained inside the pitchfork lines and will also return to the median line once it reached the upper lines (high) or bottom lines (low) of the pitchfork.

The concepts of Andrew Pitchfork is not hard to learn but it is also not easy to master. The challenge of applying AP is to select / draw AP lines that best describes the current market action and respects the price.



Figure: example of Andrew Pitchfork Median Line on chart

Combined with other tools such as Fibonacci (retracement) lines and Elliot Wave tool, AP will help you to make much more sense of the price activity in any particular time.

All right, that is about it. Do forgive me if the explanation is not detailed and thorough as anyone would expect.

I know some of you wanted more than what have been explained up there.. so here are references to Andrew Pitchfork techniques for all to read... :P

• Andrew Pitchfork ( source - http://www.trading-naked.com )
• Trading CME Currency Futures Using Market Maps - ( source -http://www.trading-naked.com )
• Median Line - ( http://www.medianline.com/ - a great website by Timothy Moorge that discusses median line trading)

Ok..salamz to all

Happy reading, learning and trading...!!

Salamunalaikum..

Friends.. welcome to Technical Analysis 101 - Part 2.. yeah.. nobody ever mentioned that we have Technical Analysis 101 - Part 2... even I , myself; surprised by this Part 2 whole thing... :P


Nevertheless, I just would like to show you just how a Technical Analysis will look like...
Roughly, the analysis will look something like this... (refer the picture below)



Ok the picture shown above is what we call a chart.. in my case, I'm using this awesome free charting tool from Metaquotes Software called MetaTrader 4 to achieve the above drawing.
So, on this Metatrader tool, you would open a chart ( of your preferred currency pair ) and throw a number of indicators (RSI, MACD, Stochastic, Williams R%), MA lines, pivot lines (hey.. I did tell you to do your readings right?) , chant some mantra and like a soothsayers try to predict which way the market will go.

Got it? All right, ignore that mantra thingie and soothsayers premonition part.. but what we want to achieve in the end of the day is from the indicators and other things laid out on the chart we will get rough idea or at least some hints of the market condition and plan our trades accordingly...

How to read the indicators you ask? Hehehe.. back to the library guys...happy reading...

p/s: I think e/u will rise... what u think ?

and I hear someone says.. this myswissbank guy is crap... :P

Salamunalaikum and greetings..

So, last week I dropped a few links on introduction to forex.. so I reckoned by now most of us have already have general idea on what forex is all about..

All right.. the topic for today.. (and maybe for the next few days until my blog gets updated... hehehe :p) is......

Technical Analysis 101

So what is technical analysis? Hehe that is for you guys to find out.. like usual I'm here to drop a link or two on how technical analysis ( indicators , lines and charting ) are used to help you in forex trading.

• Surefire Trading 79 Lessons - (excellent trading lessons from Mark McRae)
• Trading Books Blogspot - (There is a lot of resources here I tell ya ... prepare for big downloads)
• Trading Naked - Library Section - (I swear, this has nothing to do with porns.. I saw some of you drooling already :P )

Well I think enough links for now.. I know there's loads of stuff there.. but I'd recommend you guys start with the basics first.. go for basic things like pivot lines, moving averages (MA) lines, RSI, MACD, stochastics and stuff like that first...these are the most common indicators used and mentioned by traders alike.. so for starters/newbies/greenleaves getting to know these things helps.. big time...

I'll leave you guys with the readings.. will be back with more links..

Salamz..

Hmm...

I've been thinking lately that since I have not much time to spent to write up new posts in this blog, I would like to change my (posting) approach slightly..

Instead of rambling and babling in my writings.. I'm gonna feed you all with links and infos I had googled around the net.

The main intention for creating this blog is to help people to better understand forex (markets, technical analysis and anything related) in order for us all ( yes, including myself ) to be a better , successfull trader.

Ok.. lets get to the topic for today...

Introduction to forex...and here are the links to the info:

• Introduction to Forex by Sure-Fire Forex Trading
• Quickstart Guide to Forex ( source : babypips.com )
• Detailed Overview of the Forex Market ( source : goforex.net )

Ok guys happy reading

Well, I am not going to elaborate or explains in length the registration process for Marketiva. Assuming all of you have already registered to Marketiva,downloaded and installed their streamster client and successfully login to the Marketiva server, it is now time to get down and dirty. Let's go trading !!




The above screen is the Marketiva Streamster Client screen. This is where you execute your trading (not yourself ok !!) online. The above left portion / quadrant , you can see all the available pairs eg: (EUR/USD), (USJ/JPY) etc. and their price(s) updated in (well, almost) realtime.

See the close up screen for that portion:


You will notice that the numbers (and colors) in the above columns will be updated from time to time. I will explain briefly what each and every columns signifies.

Last : 1.1814 - Latest price for that particular currency
Bid : 1.1811 - Current bid price - Price at which broker or dealer are willing to buy
Offer : 1.1814 - Current offer price - Price at which broker or dealer are willing to sell.
Change : -.0004 - Changes / Difference from opening price for that day
High : 1.1839 - Highest price reached for that day
Low : 1.1766 - Lowest price reached for that day
Open : Opening price for the day.

You might see the numbers in the "Change" column changes colors (Red / Green / Black) , accompanied by either -ve or +ve sign.

If it's Green and accompanied by +ve sign, it means the current/last price for the currency is up several points as indicated from the opening price of the day.

If it's Red and accompanied by -ve sign, it means the current/last price for the currency is down several points as indicated from the opening price of the day.

If it's Black and not accompanied by any sign, it means the current/last price for the currency is the same as the opening price of the day.

Ok for that part now let's buy/sell the currency:

First, select and click at the currency pair you would like to trade with. In this example, you will click at the "EUR/USD" text in the currency column.

A pop up screen will appear for you to make your order.

The chosen currency pair selected

Instrument:
You can choose the selected currency pairs to trade from the list.

Buy/Sell :
Make your choice to buy/sell (a.k.a long/short) the currency.

Quantity :
Quantity will determine how much profit (or loss) will affect you for each point rise/decline in for the pair. Select wisely.

Desk :
Decide which fund you would like to use for trading, either your virtual or live account (money).

Click the OK button when your'e finished to confirm your order.I

Marketiva. What is that? What it has to do with forex?
Well for your information, Marketiva is an online broker firm that deals with forex business.

About Marketiva

Marketiva is a financial services corporation specialized in providing traders with high quality online spot forex trading services. With a team of dedicated financial specialists and technical support personnel, Marketiva operates globally as a market maker and principal counterparty to retail clients trading in the foreign exchange market. Marketiva has established itself as an industry leader by relying on its groundbreaking internet trading platform and its superior customer service.

Marketiva's mission is to harness the power of the internet and provide forex traders with exceptionally effective trading tools and outstanding customer support. Forex traders using Marketiva enjoy the most advanced online retail foreign exchange trading front-end in the world, the Streamster™ software, renowned for its ease of use, flexibility and reliability.

Marketiva Corporation is an international business corporation with registration number IBC CAP. 291 Reg. № 646819 for dealing in over-the-counter foreign exchange contracts, shares, futures, options, commodities, and securities. Marketiva Corporation is under the jurisdiction of Financial Services Commission (FSC) and conforms with its regulations and internationally accepted supervisory and regulatory standards.

Salamunalaikum and greetings to all,

This is my first ever blogspace and I would like to use it as a portal to share and exchange ideas on the currency market a.k.a forex.

So be sure to watch out for my post from time to time.


-myswissbank-